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Multi-Family Zoned Development Land

5827 S Prairie Avenue, Chicago, IL 60637

For Sale
$90,000

Vacant lot offered for new construction with zoning for multi-family use.

Property SizeContact for details
Days on Market218

Property Features for 5827 S Prairie Avenue

General Information

Standard status Active
Property subtype LAND
Zoning Multi-family

Site & Location

Neighborhood Washington Park

Taxes and HOA fees

Annual Taxes $1,448
Listing Agency: ExaRealty LLC
Listed By: Eva Diaz · License IL #471021069
Source: Dawnmckennagroup
Added: Apr 11 Changed: Nov 11 Last Checked: Nov 12 at 4:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ExaRealty LLC

Rey
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Investment Insights

Based on property information with market context.

This listing offers a vacant land lot presented for new construction under multi-family zoning. The property is being marketed as development-ready, with the existing zoning supporting residential multifamily plans.

The location is described as near Washington Park, the University of Chicago, and the future Obama Presidential Center, with access to public transit, a hospital, grocery, and shopping. Interested parties are encouraged to drive by to view the site.

Additional parcel-specific details such as lot size, frontage, and site configuration are not provided in the available information.

Key Highlights

  • Vacant land lot available for new construction
  • Zoned for multi‑family use

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Law Firm Building Supply Dental Office HVAC Service Real Estate Agency Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

799
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Vacant lot offered for new construction with zoning for multi-family use.
Where is this residential land & home lot located?
The property is located at 5827 S Prairie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Vacant land lot available for new construction; Zoned for multi‑family use
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Includes: Price & PSF · Cap rate · Location · Zoning

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